Whenever conservatives push for developing more domestic energy, liberals respond by saying increased oil production, whether from the Outer Continental Shelf (OCS) or Arctic National Wildlife Refuge (ANWR), would have no effect on prices. And they always trot out the same Energy Information Administration reports predicting that opening up ANWR …
Today the U.S. has about 22 billion barrels of proven oil reserves that can be legally developed. Yesterday, President Bush lifted just one of the many roadblocks that stand between American consumers and the estimated 19.1 billion barrels of oil in the Outer Continental Shelf that are currently off-limits from …
Pressed for space in today’s Morning Bell, we left out some of the more fascinating findings from that Pew poll showing how dramatically American opinion is shifting in favor of increased energy production. Pew reports: Much of the increase in support for energy exploration has come among groups that previously …
Current Harvard economics professor and former chief economic adviser to President Ronald Reagan Martin Feldstein explains in the Wall Street Journal how announcing that the U.S. will allow oil development on currently banned lands, could lower oil prices right now: The relationship between future and current oil prices implies that …
When it comes to environmental policy, we’ve documented the Center for American Progress’ penchant for distorting reality before. Now they are at it again, this time trying to prove that Louisiana Governor Bobby Jindal is “unaware” that Hurricanes Katrina and Rita caused “major” offshore oil spills. Debating offshore oil drilling …
When required to vote on an energy amendment that would have opened up the supply of resources to lower costs to the American consumer, Democrats on the House Appropriations Committee chose to walk rather than vote. Jerry Lewis (R-Calif.) and Rep. John Peterson (R-Pa.) called for lifting a 27-year ban …
